Lease Options

Next Saturday, April 4th, Jack Shea will be presenting a unique and practical class on the topic of Lease Options. Jack speaks nationally on this subject, and has written a New York Times best selling book on the topic, which is included in the price of the workshop. I just completed a lease option on a house we own in Contra Costa County - this is a great way to go for those who want to get a good tenant into a property, and also get a house under contract without using agents. We bought a house for $73,000, and are in it for about $90,000. We lease optioned it for $1,250 rent per month and have it for optioned to the tenant for $120,000.

Read this article by Jack Shea to see how lease options can be of value to you.

This is also a strategic way to tie up properties with very little cash, and is great tool for all level investors to option houses and have tenants pay for them as we wait for the real estate market to come back. This class, "Secrets of Lease Option Profits", will prepare the real estate investor to actually put into practice this timely, creative financing technique.

The workshop is a must for all level investors to participate in this market with this time-tested strategy. At the workshop , I will interview investor Caroline Hegarty who has done several of these very effectively and was featured on KRON 4 for her success with this time-tested technique.  Looking forward to seeing you there.

Due diligence...

It is said that approximately one-third of due diligence investigations, particularly for larger commercial projects, uncover serious problems - potential deal breakers. Of those, approximately 50% fail to complete the transaction. It's crucial that, when conducting due diligence, that it is systematic and complete. We have to look at the fundamentals of the deal, exit strategies, cash-flow, location, not assuming appreciation, and analyze these to ensure success.

Our Antioch Tour last weekend addressed this due diligence process, and how to effectively navigate that. There are people conducting tours in the San Jose area right now, promoting sales and purchases that as investors we know do not make sense. (If you are a retail client that is another matter, favorable interest rates and first time buyer incentives make it very attractive). Investors are looking for specifics - the numbers generally tell the story. If you look at the statistics and data that has been presented at our monthly meetings -- we are so fortunate to be privy to this type of proprietary information with experts on the CA market share compelling, logical cases to hold off buying this year. Of course there are some discounted deals available, but for the general audience that hopes to buy for cash-flow and hold for appreciation now is not the time for the Santa Clara Valley. There are investors making deals right now and building wealth securely by following the due diligence process - it is a system and it works.